Natural makeup for me means that it's very light and mostly is just there to cover flaws and improve the overall look a bit like make your skin look better etc. You don't really notice it much because like the name says, its natural.
The one in your example doesn't look at all like that. The eyes look natural but the blush is really into your face.
4am and on my phone, too lazy to search for a pic now
Some concealer/BB Cream to cover problem spots, a bit of mascara maybe and some flesh tone eyeshadow and a bit of blush for a healthy glow. Maybe even less than that. The girl in the picture is wearing too much highlighter too be considered truly natural. Most people don't glow like that lol. Thats more of a dewy/luminescent glow.